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Production function Y=20*(K*L)'5; Kapital K = 900; Labor Supply = real wage 73) What is the equilibrium real wage? 74) 75) 76) What is Equilibrium
Production function Y=20*(K*L)'5; Kapital K = 900; Labor Supply = real wage 73) What is the equilibrium real wage? 74) 75) 76) What is Equilibrium L (a number) 77) 78) What is total output? (a number) 79) If Tax rate on Labor income is raised from 0 to 10%: 80) What is the new equilibrium wage? 81) 82) 83) What is the aftertax wage? 84) 85) What is new Equilibrium Labor Input? 86) 87) What is new total output? 88)
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